Thrivent Financial For Lutherans Has $14.37 Million Position in Aon PLC (AON)
Thrivent Financial For Lutherans increased its holdings in Aon PLC (NYSE:AON) by 1,000.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,112 shares of the financial services provider’s stock after purchasing an additional 98,287 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Aon PLC were worth $14,373,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. raised its holdings in Aon PLC by 0.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,125 shares of the financial services provider’s stock worth $548,000 after purchasing an additional 15 shares during the period. Ronna Sue Cohen raised its holdings in Aon PLC by 0.3% in the 2nd quarter. Ronna Sue Cohen now owns 6,205 shares of the financial services provider’s stock worth $825,000 after purchasing an additional 18 shares during the period. Checchi Capital Advisers LLC raised its holdings in Aon PLC by 1.1% in the 2nd quarter. Checchi Capital Advisers LLC now owns 2,251 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 25 shares during the period. LS Investment Advisors LLC raised its holdings in Aon PLC by 0.3% in the 2nd quarter. LS Investment Advisors LLC now owns 15,833 shares of the financial services provider’s stock worth $2,105,000 after purchasing an additional 40 shares during the period. Finally, Cleararc Capital Inc. raised its holdings in Aon PLC by 0.9% in the 1st quarter. Cleararc Capital Inc. now owns 6,444 shares of the financial services provider’s stock worth $765,000 after purchasing an additional 56 shares during the period. 84.32% of the stock is owned by institutional investors.
Aon PLC (NYSE AON) opened at 145.98 on Thursday. The firm has a market cap of $37.13 billion, a PE ratio of 21.32 and a beta of 1.02. Aon PLC has a one year low of $107.19 and a one year high of $146.21. The firm’s 50 day moving average price is $139.76 and its 200-day moving average price is $130.04.
Aon PLC (NYSE:AON) last posted its quarterly earnings results on Friday, August 4th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.45. Aon PLC had a net margin of 17.28% and a return on equity of 32.62%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same period last year, the firm earned $1.39 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities analysts predict that Aon PLC will post $6.50 EPS for the current fiscal year.
A number of research firms recently weighed in on AON. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $143.00 price target on shares of Aon PLC in a report on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $162.00 price target (up previously from $146.00) on shares of Aon PLC in a report on Monday, July 24th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Aon PLC in a report on Friday, August 4th. Citigroup Inc. upped their price target on Aon PLC from $155.00 to $159.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, ValuEngine raised Aon PLC from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $139.00.
In other news, CEO Michael J. O’connor sold 10,000 shares of Aon PLC stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $140.28, for a total transaction of $1,402,800.00. Following the completion of the sale, the chief executive officer now directly owns 123,805 shares in the company, valued at approximately $17,367,365.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.
About Aon PLC
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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